ASIC Gains Injunction Against Offering Securities Via Internet

On October 7, the Australian Securities and Investments Commission announced that it has obtained final Supreme Court injunctions against Netlink Hospitality Australia Pty Limited, Netlink Australia Pty Limited and Mirko Detlev Petrick. The injunctions prohibit the defendants from, among other things, offering securities over the Internet for their venture involving the manufacture and installation of Internet-ready computers in hotel rooms.